Fox Biz News: Will Cure What Ailes Ya?<< This Was the Year That Was | Main | Now It's Satellite in a Box. >> Todd Chanko | January 02, 2007, 04:41 PM When I was at CNBC the halls shuddered with fear – and with a frisson of excitement – at the notion that Roger Ailes, former CNBC president, was launching a business network for Fox. Today Time Warner announced a tentative agreement to carry the as yet unnamed Fox business news channel, accelerating the likelihood that we former CNBC staffers will actually see some Fox business TV content. What is striking about Fox’s launching a business network now is that it is doing so on the traditional TV platform, demonstrating the immense power Pay TV operators continue to have even in the so-called Web 2.0 environment. Nevertheless, Fox parent News Corporation divested itself of DirecTV last month and continues to focus its energies on broadband. Enough with Redstone’s old canard “content is king.” Distribution still has considerable leverage. |
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